Less plam oil use sought in biodiesel

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/business/Less-plam-oil-use-sought-in-biodiesel-30288679.html

THE Commerce Ministry will ask the Energy Ministry to reduce palm oil used in biodiesel from B7 biodiesel to B5 biodiesel for a short run starting next month, following falling production due to the severe drought.

After chairing a committee meeting yesterday on the marketing of oil palm and palm oil, Commerce Minister Apiradi Tantraporn said that with the lower output of palm oil, the meeting agreed to reduce the proportion of palm oil used in making biodiesel for a period to ensure adequate supply for domestic consumption.

The measure will run until the next harvest coming up soon.

B7 is a blend of 7-per-cent palm biodiesel and 93-per-cent petroleum diesel, while B5 has 5-per-cent palm biodiesel.

Normally, the energy industry needs about 80,000 tonnes of crude palm oil for B7 production each month. However, production of B5 will demand only 60,000 tonnes of CPO.

About 150,000 tonnes of CPO are expected to be produced next month, with about 80,000 tonnes earmarked for domestic consumption, mainly for cooking oil production.

Thailand would neither face a shortage of palm oil nor a price increase, she said.

The meeting also agreed on a long-term measure to revolutionise the palm oil industry under a 20-year plan that would emphasise the improvement of farmers’ quality of life and the development of the whole supply chain for the palm oil industry.

This plan will be proposed to the National Palm and Palm Oil Committee in the near future.

Under the plan, in the primarily stage – the first five years – palm fruit farmers will learn to increase yield per rai and reduce cost of production.

For instance, Thai farmers will be encouraged to grow high-yield palm fruit from the current 3.3-3.5 tonnes per rai to 3.8-4.5 tonnes per rai – the same as Malaysia.

The government will also draw up a plan to balance supply and demand for palm nuts and promote innovation in the industry in order to add more value to palm fruit and generate higher incomes for farmers. The government will also promote the production of various by-products of palm oil to ensure sustainable incomes for farmers.

Coordination entity planned for Thai-Japan HR development

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/business/Coordination-entity-planned-for-Thai-Japan-HR-deve-30288677.html

Thai and Japanese speakers joined the 2nd Roundtable Conference on Human Resource Development.

Thai and Japanese speakers joined the 2nd Roundtable Conference on Human Resource Development.

THAILAND and Japan plan to appoint an intermediary entity to coordinate with all involved parties to implement the Thai-Japan Human Resource Development Initiative.

Science and Technology Minister Pichet Durongkaveroj said yesterday that the entity was expected to be appointed some time this year.

The entity must be a state agency capable of coordinating with all relevant parties, he said. However, which agency that will be has yet to be finalised, pending the final conclusion between Thailand and Japan on the matter.

Pichet made the remark at the second Roundtable Conference on Human Resource Development yesterday jointly hosted by the Embassy of Japan and Japan International Cooperation Agency (Jica) in collaboration with Nation Multimedia Group.

The initiative, which is still in the draft stage, focuses on producing highly skilled workers, especially practical engineers, to fit with the demand of Japanese companies in Thailand.

Another panellist at the conference, Ryosuke Chono, managing director of Toray Industries (Thailand), said this country should focus on producing value-added engineers in order to solve the lack of highly skilled workers.

He said Japanese businesses expected to shift more investment back to other Asian countries from China, where wages are on the rise.

Panellist Professor Dr Suchatvee Suwansawat, president of King Mongkut’s Institute of Technology Ladkrabang, said the Thai-Japanese initiative should not focus only on producing practical engineers but also on “super engineers” with high knowledge on advanced and future technology and research and development.

He said one problem was that many competent engineers shifted to different career paths such as banking that offered higher incentives. Moreover there are not many R&D jobs in Thailand to keep |talented engineers in the field.

Thaicom told to pay concession fee to ministry

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/business/Thaicom-told-to-pay-concession-fee-to-ministry-30288671.html

DEPUTY PRIME Minister Prajin Juntong yesterday told the Information and Communications Technology Ministry and Thaicom to seek agreement over the latter paying an annual concession fee to the ministry for the use of the Thaicom 7 and 8 satellites.

Takorn Tantasith, the National Broadcasting and Telecommunications Commission secretary-general, revealed the development yesterday after he met with Prajin at NBTC headquarters.

The move came as the ICT Ministry continues to attempt to solve the redundant roles between itself and the NBTC in overseeing the commercial satellite sector.

Thaicom said in a statement it was pleased to talk to the government on the matter but wanted the government to consider the competition it faced among international satellite operators. It said most of its revenue came from other countries, which contributed to national revenue.

Thaicom’s shares closed at Bt23.30 yesterday, down 0.85 per cent.

Takorn said Thaicom had to pay an annual concession fee to the ministry until 2021 for the two satellites, in addition to the company’s current licence fees it pays to the NBTC.

Takorn said that according to the ICT Ministry’s advisory report on Thaicom, from now until 2021 the company’s satellites with NBTC licences will be regarded as operating under a ministry concession.

Whether the satellites fall under the concession regime or the licensing regime, they will remain under the ministry’s concession until 2021, at which time they will stop paying the concession fee and pay only the licence fee plus the cost of reserving an orbital slot for new satellites and the cost of free satellite transponders for government agencies.

Thaicom’s satellite concessions under the ministry expire in 2021. The Thaicom 7 and 8 satellites are licensed by the NBTC, while iPSTAR (Thaicom 4), Thaicom 5 and 6 operate under ICT Ministry concessions.

The annual licence fee is 5.25 per cent of Thaicom’s gross revenue, while the annual concession fee is 20.5 per cent of its gross revenue.

According to the NBTC, Thaicom 7 paid a licence fee of Bt1 million in 2014 and Bt300 million in 2015. Thaicom 8 was launched last month.

Meanwhile, the NBTC reported to Prajin over its Universal Service Obligation (USO) fund that currently has Bt28.64 billion, of which Bt14.3 billion was borrowed by the government to invest in road projects. The fund is expected to receive an Bt8.5-billion injection this year.

Takorn said the fund would exceed Bt30 billion and would support the government in investing in infrastructure projects.

In another related development, Takorn said Advanced Wireless Network, of Advanced Info Service, which won a licence to use the 900-megahertz spectrum, would pay the first licence instalment of Bt8.04 billion with three bank guarantee notes on June 28. The NBTC will transfer the money to the state.

Myanmar businesses want policies

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/business/Myanmar-businesses-want-policies-30288588.html

Win Win Tint, centre, and Sai Sam Htun, right, are at the summit.

Win Win Tint, centre, and Sai Sam Htun, right, are at the summit.

LOCAL businesses are pressing the government for national economic policies as they expect to know where the economy is headed and how they should prepare for the future.

There are concerns the new government, which took office in April, has not yet revealed its economic policies. Businesses are also concerned that if the policies further open up the economy, some companies would not be ready for potentially intense foreign competition.

At a panel discussion of the Economist Events’ Myanmar Summit 2016, Sai Sam Htun, executive chairman of Loi Hein Co, the No 1 beverage firm in Myanmar and the producers of Alpine drinking water, said local business were showered with optimism and challenges.

“Currently, local business people are worried,” he said. “We expect the government to come up with the road map, model and vision for the country. We expect that as soon as possible. Otherwise, we are in the dark and do not know where to go, what to do and what will happen in the future.”

He welcomed the national agenda to achieve reconciliation, but that should not be the single priority.

“The new government brings us to the road to democracy, but that doesn’t guarantee that everything will be smooth,” he said. “We are expecting our leader Daw Aung San Suu Kyi to say something about the future economy of Myanmar.”

Kyaw Win, planning and finance minister and chairman of the Myanmar Investment Commission, said the policies should be revealed by the end of this month.

Win Win Tint, chief executive officer of City Mart Holdings, the nation’s largest retail chain, noted that Myanmar needed to consider whether foreign investment should be allowed in trading, the services industry and retailing.

Currently, Myanmar’s retail industry is fragmented. Modern trade accounts for only 10 per cent of the retail industry, compared to 45 per cent in Thailand and 25 per cent in Vietnam.

There is a huge growth potential, but poor infrastructure and low consumption may hold back the potential growth. Suppliers are still unable to support retailers, pushing the ratio of imported products to 80 per cent.

“One thing we always tell our policy-makers is that local businesses are not on a level-playing field,” Win Win Tint said. “If the MIC allows foreign players in these industries, they will enjoy tax incentives and access to overseas financing.”

She added that the old foreign investment law did not take local business interests into consideration.

Sai Sam Htun, however, is not afraid of foreign players. He recalled the situation a few years ago when all businesses fretted about the entry of foreign players.

“I was quite scared that I would be out of business. But I aggressively worked on the branding aggressively,” he said. “If you are in the market, you just have to be consistent. Then you can compete with any competitor and face any challenge.”

He noted that foreign and local businesses could have win-win strategies. Foreign companies like Coca-Cola, PepsiCo and multinational beer companies have successfully forged partnership with local players.

Loi Hein has formed four joint ventures with foreign companies – two each with Japanese and Thai counterparts.

Luang Prabang lures foreign investors with tax incentives

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/business/Luang-Prabang-lures-foreign-investors-with-tax-inc-30288575.html

Siriphone Souphanhthong

Siriphone Souphanhthong

Bounthieng Soulivanh

Bounthieng Soulivanh

PROMOTED as one of Laos’ tourism destinations, Luang Prabang is angling for investors from Asean, including Thailand, by offering waiver of corporate income tax for up to six years as bait.

Luang Prabang has prioritised the tourism industry to drive its growth and lift Laotians from poverty under the 2020 strategic development plan, Governor Khamkhan Chamthavisouk said. “In general, Asean investors will be allowed to hold a 100-per-cent stake in companies registered in Luang Prabang.

“They will be also provided with tax exemption on corporate income according to which part of the zones they invest in,” said Siriphone Souphanhthong, director of Luang Prabang’s Department of Planning and Investment. During a seminar on business opportunities in Luang Prabang held on Saturday in the tourist destination, she said the rules and regulations for investment promotion were being improved, focusing on economic and social expansion, similar to Thailand.

The seminar took place during the two-day tour under the Finance Ministry’s Neighbouring Countries Economic Development Cooperation Agency (Neda) of the road construction project from Hongsa in Xayaburi to Chiangman in Luang Prabang.

It was a stage for sharing ideas between officials of Thailand led by Neda chairman Varakorn Samakoses and of Laos led by Luang Prabang Governor Khamkhan Chamthavisouk.

//

Siriphone anticipates more business matching between Thai and Laotian investors after the completion of the B1.97-billion Hongsa-Chiangman Road in 2018, making travel more convenient from Thailand’s Nan to Luang Prabang.

Construction of the 114-kilometre two-lane paved road was facilitated by a soft loan from the Thai government via Neda.

Travel time from Nan’s Huaykon border checkpoint to Luang Prabang will be shortened to two hours and 30 minutes from five to six hours.

Siriphone said after the seminar that the tax-exemption period would depend on the growth of the city.

Luang Prabang, which is the most developed of the 12 districts of Luang Prabang province, would give a corporate tax waiver for the first two years of operations.

For the remaining districts, seven would grant exemption for four years and four for six years. “However, businesses related to food, hotels and tourism services are still limited.

“Foreign investors are not allowed to hold up to 100 per cent in a tourism-related company and they are required to invest in the form of a joint venture,” she said.

Foreign investors, particularly Thais, could invest in undeveloped areas, but not very far from Luang Prabang’s old city, for the production of organic vegetables and food, souvenirs and packaging to supply to the tourism industry.

As 85 per cent of Luang Prabang’s areas are mountainous, plantations and livestock are suitable.

There would be more privileges such as a waiver on land rent for some years for hospitals and education-related projects.

Today, Luang Prabang is welcoming a Thai delegation led by Somkiat Tangkitvanich, president of the Thailand Development Research Institute, to discuss cooperation between the two nations on economic development.

However, a specific agenda was not set, she added.

Bounthieng Soulivanh, president of the Chamber of Commerce and Industry in Luang Prabang, said there were business opportunities along the Hongsa-Chiangman Road, as Luang Prabang was blessed with plentiful waterfalls, mountains and culture as selling points.

Luang Prabang, which is also a World Heritage Site, would be attractive for trade and investment in the tourism industry.

 

Bid to push CLMVT as single tourist destination

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/business/Bid-to-push-CLMVT-as-single-tourist-destination-30288568.html

From left: Try Chhiv, Deputy Director General at Ministry of Tourism of Cambodia; Manisakhone Thammavongxay, Director of the Public Relations Division at Ministry of Information of Culture and Tourism of Laos; Daw Khin Than Win, Deputy Director General, M

From left: Try Chhiv, Deputy Director General at Ministry of Tourism of Cambodia; Manisakhone Thammavongxay, Director of the Public Relations Division at Ministry of Information of Culture and Tourism of Laos; Daw Khin Than Win, Deputy Director General, M

SENIOR TOURISM officials from the five nations in the Greater Mekong Sub-Region have announced a joint plan to develop Cambodia, Laos, Myanmar, Vietnam and Thailand (CLMVT) as a single destination, highlighting the countries’ similarities as well as their unique cultural and natural heritages on the international stage.

Addressing the recent “CLMVT Link: Prosper Together” conference, the multi-nation representatives said they would work together in boosting and developing unique products located in the five countries as new attractions for intra-regional tourists, as well as to more distant markets like Europe, Australia and the US.

Yuthasak Supasorn, governor of the Tourism Authority of Thailand, said a number of issues needed to be tackled urgently in order to achieve the common goal, including marketing development, connectivity, and common action plans.

If all five countries could press ahead in these fields, the region could become a new single destination, he said.

“I would recommend three areas: first we must set a common goal to promote CLMVT as a single destination; secondly, we should look at improving connectivity and linkages; and thirdly, we should look at turning our common goal into actions,” he added.

Tourism has become a key sector in Cambodia, Laos, Myanmar, Vietnam and Thailand, helping to drive each nation’s economy and attract foreign investment, but the five countries now also want to promote their traditions, culture, and natural and heritage sites.

The Greater Mekong Sub-region Economic Cooperation forum, initiated in 1992, has launched a strategic plan for 2015-2020 in order to strengthen river-based tourism through the Mekong River.

Since 2013, the sub-region has attracted more than 50 million international tourists, accounting for more than 3 per cent of the global market.

Over 60 per cent of the international visitors originated from Asia and the Pacific, led by travellers from China, Japan, Malaysia, South Korea, Thailand and Vietnam.

Manisakhone Thammavongxay, director of the Public Relations Division at the Information, Culture and Tourism Ministry in Laos, told the conference that all five countries would have a mutual understanding of the benefit of the CLMVT packages under a “five-countries-one-destination” ideal.

In reaching that goal, she said there was a need to increase transport connectivity among the Greater Mekong Sub-Region countries.

Vu Nam, deputy director-general of the Tourism Marketing Department at Vietnam’s National Administration of Tourism, said that apart from increasing transportation connections, the sub-region should look at encouraging more cooperation between tour agencies among the five countries, in order to promote joint tourism products.

The deputy director-general of Cambodia’s Tourism Ministry of, Try Chhiv, called for a sub-regional effort to enhance the branding of CLMVT not just for the similarities that the five countries share, but also for the uniqueness of each country.

Daw Khin Than Win, deputy director-general at the Hotels and Tourism Ministry in Myanmar agreed, proposing the need to encourage more low-cost carrier connections between countries, as well as the opening of more border checkpoints with enhanced flexibility.

Thaicom’s 7 and 8 satellites will be forced to become an ICT Ministry concession

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/business/Thaicoms-7-and-8-satellites-will-be-forced-to-beco-30288565.html

THAICOM’S commercial satellites operating under the National Broadcasting and Telecommunications Commission’s licensing regime will be under an Information and Communication Technology Ministry concession as well, an ICT source said.

The satellites under NBTC licensing regime include Thaicom satellites 7 and 8. Any future commercial satellites to be launched between now and 2021 will also be subject to this condition, according to the preliminary conclusions of a meeting between the ministry and the NBTC last week, the source said.

Deputy Prime Minister Prajin Juntong is to meet with the NBTC and the ministry today to discuss this recommendation, as the ICT Ministry continues to attempt to solve the redundant roles between the NBTC and the ministry in overseeing the commercial-satellite sector. If all relevant parties agree with the preliminary conclusion, its conditions will be added as a provisional clause in the draft of the new NBTC law, which is expected to be sent to the National Legislative Assembly for first reading soon.

Thaicom, Thailand’s sole commercial satellite operator, will face a higher regulatory fee if its two satellites under the NBTC licence are put into the concession system. The meeting’s recommendation calls for these two satellites to pay an annual concession fee to the ministry until 2021, in addition to their current licence fees payable to the NBTC. “According to the recommendation, from now until 2021, the satellites with NBTC licences will be regarded as operating under the concession. It’s not until after 2021 that they all, whether in the concession or the licensing regime, can stop paying the concession fee and pay only the licence fee,” the ministry source said. The year 2021 is when the concession of Thaicom satellites under the ministry expires. The Thaicom 7 and 8 satellites each holds an NBTC licence, while iPSTAR (Thaicom 4),Thaicom 5 and 6 operate under ICT Ministry concessions.

The annual licence fee is 4.25 per cent of Thaicom’s gross revenue, while the annual concession fee is 20.5 per cent of its revenue.

Thaicom 7 paid a licence fee of Bt1 million in 2014 and Bt300 million in 2015. Thaicom 8 was just launched into orbit last month. The meeting’s recommendation also calls for Thaicom to pay Bt3 million per satellite to the ICT Ministry to cover the cost of reserving an orbital slot for a futureThaicom satellite. The ministry will also ask Thaicom 7 and 8 satellites to pay for this cost on a retroactive basis.

“All these conditions will also be applied to any future satellite operators,” the source said. The Transport Ministry granted a 30-year concession contract to Thaicom in 1991, and the concession was later transferred to the ICT Ministry.

After the NBTC got off the ground in 2011, it began taking care of subsequently launched Thaicomsatellites.

Thaicom pays 5.5 per cent of gross revenue as concession fee during the first five years of operation before rising at an incremental rate until 2021.

Balancing renewable and nuclear energy

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/business/Balancing-renewable-and-nuclear-energy-30288320.html

ENERGY

The cooling towers of Novovoronezh power plant’s generating units 15. This power plant boasts no accident since it started operations in 1964. /Achara Deboonme

The cooling towers of Novovoronezh power plant’s generating units 15. This power plant boasts no accident since it started operations in 1964. /Achara Deboonme

One of simulation rooms at Novovoronezh power plant’s training centre. Access to the control room is granted to only those completing extensive training and at least 3 years of work experience at the plant. /Achara Deboonme

One of simulation rooms at Novovoronezh power plant’s training centre. Access to the control room is granted to only those completing extensive training and at least 3 years of work experience at the plant. /Achara Deboonme

Moscow – Showing their support for renewable energy, nuclear experts gathering at the 8th International Forum Atomexpo 2016 insisted nuclear energy should not be ignored given its economic value and reliable efficiency, especially for developing countries.

“The question is not what energy is the best, but the question is which balance we should have,” said Agnate Rising, director-general of the World Nuclear Association.

The experts acknowledged that the world must be committed to the COP21 goal to avoid dangerous climate change by limiting global warming to well below 2 degrees Celsius. Renewables are being explored in a big way to reduce emissions. However, they say, renewable energy cannot be totally depended on given its drawbacks in reliability.

Renewables

According to a UN-backed report released in March, renewables have unique advantages. Wind farms can be built in nine months or so, solar parks in three-to-six months, whereas coal and gas plants take several years, and nuclear even longer. That explains why developing countries in a hurry for new capacity may opt for speed.

//

In 2015, a total of US$266 billion (Bt9.4 trillion) was invested in new renewable power-generating capacity globally, excluding large hydro (with 50 megawatts or more in capacity), driven mainly by China and India.

In the year, the developing world invested $156 billion, some 19 per cent up on 2014 and a remarkable 17 times the equivalent figure for 2004, of $9 billion. Developed countries invested $130 billion in 2015, down 8 per cent and their lowest tally since 2009.

Renewables accounted for 10.3 per cent of global electricity generation last year, meaning that they prevented the emission of 1.5 gigatonnes of CO2 equivalent.

More investment is expected in the years ahead as countries like China, India, Japan and Germany increase the share of renewables in their energy mix. Russia, the producer of oil, gas and nuclear technology, also plans to raise the share from 1-1.5 per cent to 4 per cent in 2020.

Encouraging this is also a decrease in investment costs. Capital costs for photovoltaic projects [converting solar energy into direct current electricity] in India have fallen to among the cheapest in the world, at around $1.1 million per megawatts last year.

At the Atomexpo, V F Vekselberg, president of Skolkovo Fund, however noted renewables were still costly, aside from their low efficiency. While the investment cost of renewables has been cut twofold in five years, it remains expensive. Meanwhile, though their efficiency can be increased, investors need to take into account the lifecycle of the projects when estimating the cost.

There are calls for optimisation of power balance, taking into account the environmental and economic aspects, as well as atomic and renewable power engineering.

Nuclear energy

The share of renewables in China’s energy mix is projected to reach 30 per cent by 2030 compared to 13 per cent in 2010. Yet, China is also expanding nuclear capacity.

Last year, China installed a world record 32.5 gigawatts (GW) of wind power and a world record 18.3 GW of solar power. Coal consumption fell 3.7 per cent but nuclear power grew 30 per cent and natural gas 3.3 per cent.

As of 2015, China’s 28 nuclear reactors in operation have an installed capacity of about 25.5GW. China is planning to have at least 110 nuclear reactors running by 2030, to increase nuclear power share in the energy mix from 2 per cent to 10 per cent.

Other countries are expected to follow suit.

Representatives of various nations were at the expo to share reasons why their countries embrace nuclear energy.

Ali Zurkarneyn, chairman of Bangladesh’s Atomic Energy Commission, said in a quest to increase power and obtain the right energy mix, nuclear power would contribute 10 per cent of the country’s energy mix in 2030, while the rest would come from natural gas and coal.

Ahmad Hiyasat, general director of the Jordan Company for Atomic Energy, said nuclear power was in the picture as the country had to import 90 per cent of its energy. While 500MW of power would come from renewables this year with additional 500MW next year, gas-fired and nuclear power plants would ensure a right energy mix and also reduce energy imports. In Jordan, students are now studying nuclear degrees in Jordan and Russia, while the country prepares the legal and regulatory framework ahead for the erection of a nuclear power plant.

Franklin Osaisai, general director of Nigeria’s Atomic Energy Commission, said that 2025 was the hopeful deadline for the first nuclear power plant in his country. It was highlighted as part of Nigeria’s striving to boost carbon-free energy to 50 per cent of consumption.

According to representatives from Belarus, the country relies heavily on natural gas in electricity generation and a large portion is imported. It thus needs to diversify energy sources, and nuclear power is a cheap choice.

A nuclear power plant is being constructed with the first generating unit expected to be commissioned in 2018 and the second in 2020. The representative said preparation was thorough as safety was the core demand of nuclear power plants.

A committee was set up in 2007 under the supervision of the deputy prime minister. This committee supervised progress in 19 safety areas and reviewed the progress every month. Training programmes have been launched and the system of state control of supply and services established. The representative also highlighted full cooperation with the International Atomic Energy Agency and other governments to ensure full compliance with safety standards.

“No matter how experienced the operators are and no matter how reliable the design is, humans play a key role,” he said.

The World Nuclear Association targets global nuclear energy to increase to 25 per cent of electricity generation, from 11 per cent in 2014. That requires new capacity of about 1,000 GWh per year from below 400 GWh in 2014.

Low access to electricity and demand for clean and reliable energy will be the key drivers of growth, said World Nuclear Association director-general Rising.

 

Vietnam and Thailand target $20m bilateral trade for 2020

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/business/Vietnam-and-Thailand-target-$20m-bilateral-trade-f-30288483.html

AEC

PRIME MINISTER Nguyen Xuan Phuc has called on Vietnam and Thailand to redouble their efforts in order to bring annual bilateral trade to US$20 billion (Bt705 billion) by 2020.

At a reception for Deputy Prime Minister Thanasak Patimapragorn in Ha Noi yesterday, the Vietnamese government leader suggested the two countries, as the world’s biggest rice exporters, partner with each other to keep rice prices beneficial for their farmers.

A boost should be given to collaboration in trade and investment, he said, citing opportunities awaiting Thai investors after Vietnam engages in many new-generation free-trade agreements.

Vietnam boasts abundant and skilled labour resources that can meet Thailand’s demands, he added.

The leader also proposed the two countries collaborate on culture, national defence and security while strengthening bilateral ties in people-to-people diplomacy.

Praising the cooperation between Vietnam and Thailand in regional and international forums, Prime Minister Phuc urged the two countries to team up with other affected nations and international organisations in the sustainable and effective management and use of Mekong River water resources.

More joint efforts should be focused on the actualisation of an action programme to realise the strategic partnership for 2014-2018 as well as agreements reached at Vietnam-Thailand joint cabinet retreats, he said.

Thanasak voiced his wish that the Vietnamese government will create more optimal conditions for Thai businesses in the country.

The Thai government encourages local investors to run long-term and sustainable operations in Vietnam, he said.

He conveyed Prime Minister Prayut Chan-o-cha’s invitation to Phuc to pay a visit to Thailand in a bid to consolidate bilateral ties and partake in a number of activities making the 40th anniversary of diplomatic ties between the two countries on August 6.

Talks on joint efforts

Thai deputy prime minister met with his counterpart, Vu Duc Dam, during which they shared the view that Vietnam and Thailand hold substantial potential for cooperation in economy, trade and investment that can bring annual bilateral trade to $20 billion.

They agreed on the need for the two countries to soon reach a plan on tourism cooperation for 2016-18 and foster their partnership in education.

The two countries consented to continue cooperating with other Asean member countries in order to maintain the intra-bloc solidarity and carry forward the 10-member group’s central role and common voice on regional and international issues.

Thanasak was also welcomed to the country by National Assembly Vice Chairman Do Ba Ty, who thanked the Thai government and Thais for their $100,000 aid package for Vietnam’s southern provinces stricken by drought and saltwater intrusion.

Ty said he hoped the two countries continued exchanging delegations at all levels, effectively implemented their co-operation mechanisms and agreements, paid more heed to the role played by each country’s legislative body and step up cooperation between their parliamentarians.

Thanasak pledged to make all-out efforts to consolidate and strengthen collaborations between the two nations across all fields. His four-day visit finishes tomorrow.

More investment sought from India firms

ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation

http://www.nationmultimedia.com/business/More-investment-sought-from-India-firms-30288480.html

THAILAND on Thursday invited Indian companies to invest in Thailand as trade between the countries is quite low and there is room for more cooperation.

“Trade between the two countries is quite low and there is room for more cooperation between Thailand and India,” Thailand Board of Investment Deputy Secretary General Chokedee Kaewasang said here.

“Thailand and India are in a unique position to help each other. Thailand will help India in getting access to Asean [markets],” he added.

Kaewasang said more than US$200 million (Bt7 billion) has been invested by Indian companies in Thailand in the last two years.

The deputy secretary-general said that by 2022, Thailand’s government would invest $53.4 million in improving infrastructure.

“The government has identified so-called next-generation industries to enhance our competitiveness,” he said.

Stressing that the Thai government is focusing on digital infrastructure as well, Kaewasang said his government plans to invest $12 billion in digital infrastructure.

Speaking at the same event, Thailand’s Board of Investment executive director Bonggot Anuroy said the Thai government was ready to exempt import duties on the import of materials to Thailand by Indian companies.

She further said if any foreign company will establish its international headquarters in Thailand, they will get special tax incentive for up to 15 years.

Meanwhile, Prime Minister Prayut Chan-o-cha arrived in India on Thursday on a three-day visit aimed at deepening bilateral cooperation in areas of trade and investment, defence, security and tourism.

Prayut held extensive talks with his Indian counterpart Narendra Modi yesterday. Both sides are likely to explore ways to expand maritime security cooperation, deal with threat of terrorism and boost trade.

Issues related to the proposed Free Trade Agreement between the two countries are likely to figure in talks. The volume of current annual bilateral trade between the two countries in 2014 was at $8.6 billion and both sides are keen to expand it.